At LendInvest, we understand that every client’s journey is unique, and their credit history reflects that. 

That’s why we’ve re-developed our credit criteria into four distinct categories – Premier, Advantage, Progress, and Support – each designed to cater to varying levels of allowable adverse credit.

Our new tiered approach empowers you, the broker, with the ability to find the right mortgage solution for more of your clients and helping them achieve their goals of owning their own home. 

Here’s a breakdown of our new credit Tiers and the type of borrower who could benefit:

Premier

This option is designed for aspiring homeowners with near-perfect credit, but are self-employed or have complex incomes that may need a more pragmatic approach to affordability. Clients that qualify in this tier will have had no credit arrears in the previous 24 months and no defaults for 4 years or more. Applicants in this Premier tier have the potential to get up to 90% Max LTV on their loan, and LendInvest has options for Qualified Professional offerings and Key Workers under this tier.

Advantage

This tier would suit those with a few minor credit hiccups in their past. This option offers more flexibility than the Premier tier, allowing for a limited number of recent unsecured arrears and considering older defaults from 24 or more months ago. Even with these past issues, homeownership remains achievable, and on this Advantage tier, LendInvest can support Qualified Professionals and Key Workers with options that qualify in this tier.

Progress

For those clients actively working to improve their credit, LendInvest offers the Progress tier. This option provides a valuable solution  for those with a more noticeable history of adverse credit, as long as they are showing a commitment to financial improvement. LendInvest acknowledges debt management plans or arrangements that have been performing for 24 months or more, and they consider older defaults and satisfied County Court Judgments (CCJs). This tier puts a focus on the client’s positive financial trajectory rather than just recent credit issues. Additionally, Key Worker options are available within the Progress range, making homeownership more accessible to those in essential professions.

Support

For those needing a fresh start, LendInvest offers the Support credit tier, a crucial option for clients facing significant credit challenges. This option features the most flexible criteria, including defaults up to 12 months or more and unsatisfied defaults up to £5,000 if registered 48 months ago or longer. LendInvest will also consider debt management plans accepted where performing and satisfied CCJs up to £5,000. With this Support tier, LendInvest provides a pathway to homeownership for clients who may have been underserved elsewhere, giving them the chance to achieve their dreams despite past financial difficulties.

By re-designing our credit criteria into these four tiers, LendInvest is reaffirming our commitment to providing flexible and accessible residential mortgage propositions for a wide range of clients with different credit histories.   

Download our comprehensive Residential Mortgages Criteria Guide today to fully understand the specific criteria for each product along with income requirements and other eligibility needs. Discover how LendInvest can help you support more clients on their journey to homeownership.

Contact your dedicated Business Development Manager, or get started in the Mortgages Portal today.

LendInvest plc is a public limited company registered in England and Wales (No. 8146929). Registered

Office: 4-8 Maple Street, London, W1T 5HD.

LendInvest Mortgages and LI Mortgages are registered trading names of LendInvest Loans Limited. LendInvest Loans Limited is authorised and regulated by the Financial Conduct Authority (FRN:737073). LendInvest Loans Limited is a company registered in England & Wales (Company No. 09971600) and is a wholly owned subsidiary of LendInvest plc.

Regulated lending is provided via LendInvest Loans Limited (Company No. 09971600). Unregulated lending is provided by LendInvest BTL Limited (Company No. 10845703) and LendInvest Bridge Limited (Company No. 11651573), which are wholly owned subsidiaries of LendInvest plc.

Borrowing through LendInvest and its affiliates involves entering into a mortgage contract secured against property. Your property may be repossessed if you do not repay your mortgage in full.